iXL IPO raises $1.1bn

- US new media company iXL, which floated on Nasdaq on Thursday, saw its shares hit a high of $24 from an opening price of $12. The stock finally settled at $17.88 giving the Georgia-based agency a valuation of more than $1.1 billion.

- US new media company iXL, which floated on Nasdaq on Thursday, saw its shares hit a high of $24 from an opening price of $12. The stock finally settled at $17.88 giving the Georgia-based agency a valuation of more than $1.1 billion.





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